One drawback to the unit-of-measure assumption is:
A)it inhibits an assessment of going concern.
B)information about individual items being measured is lost.
C)it makes it easier to measure certain assets, such as intellectual property, human capital, and social costs.
D)it makes it harder to measure transactions.

Question

Quizplus · Accepted Answer

The unit-of-measure assumption assumes that all transactions are measured in a consistent unit of currency. This can lead to the loss of information about individual items being measured, as well as making it harder to measure transactions involving non-monetary items. However, it does not inhibit an assessment of going concern, nor does it make it easier to measure certain assets or social costs.

One Drawback to the Unit-Of-Measure Assumption Is